Next week large producers will be set to report huge record...

Next week large producers will be set to report huge record profits. If coupled with a good announcement then these levels will be history, imho. Meanwhile further pain or the continuation of the current standoff between buyers and sellers??


Beach oil has got in early..

The company closed out the latest year with full year production of 9.3 million barrels of oil equivalent (mmboe) compared with 9.43 mmboe in 2006-2007
Beach achieved an average realized oil price pre-hedging for 2007-2008 of $111 per barrel or 30pc higher than the average price of $86 barrel for the previous year. With a 20% increase in revenue.

Come on ERH get a wriggle on! There's lots of money to be made!